Week of Mon, Jan 7th, 2013

Patty Kumbera, chief operating officer of medication therapy management service provider OutcomesMTM, is slated to receive the inaugural Distinguished Achievement in Practice Management Award from the American Pharmacists Association and the APhA Academy of Pharmacy Practice and Management.

Supervalu Inc., one of the nation's largest food and drug retailers, plans to sell five of its supermarket chains — including most of its pharmacies — in a $3.3 billion deal that will result in a new, smaller company.

With a much-publicized PBM battle now behind it, Walgreen Co. is locked in on expanding its "Well Experience" health and daily living strategy across its stores and other channels, president and chief executive officer Greg Wasson told attendees at the company's annual shareholder meeting.

Thrifty White Pharmacy is reinventing the essential component of chain drug retailing by recasting pharmacists as patient counselors and practitioners of medication therapy management. For seeking to end the long-standing limitations on pharmacists from the rote demands of dispensing prescriptions, Thrifty White has been recognized as Chain Drug Review’s Pharmacy Innovator of the Year for 2012.

For his leadership in marshalling his team and executing a well-thought-out pharmacy plan, Rite Aid Corp. executive vice president of pharmacy Robert Thompson has been named Pharmacy Executive of the Year by Chain Drug Review.

Striking a blockbuster deal that could shift the industry's perspective, Walgreen Co. chief executive officer Greg Wasson and Alliance Boots executive chairman Stefano Pessina — and their management teams — have been selected as the 2012 Retailers of the Year by Chain Drug Review.